Imagine living your life without depending on Banks ever again. Using only cryptocurrencies such as Bitcoin or Ethereum, you can make your own income stream and use the coins earned to buy stuff from merchants who accept them. Every day, cryptocurrencies have been going closer towards full mainstream adoption. However, there are still some things which prevent crypto from being used over traditional payment systems we've been accustomed to for a long time.
Nonetheless, what's it like to live only on crypto instead central-bank issued fiat money?
I think we will have a better living if that occured. We all know how different cryptocurrencies are from the banks. Banks are under the regulation of the government whilst cryptocurrencies are not, it can already show that corruption and power tripping does not happen in crypto. In terms of volatility, the money in the banks are fiat, it has very low volatility and it depends on the economy whether the value increases or falls down. In crypto, it has a high volatility which helps investors gain extra profit whenever the price grows up.Nonetheless, what's it like to live only on crypto instead central-bank issued fiat money?